The following data were collected during a study of consumer buying patterns: Observation 1 2 3...
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The following data were collected during a study of consumer buying patterns: Observation 1 2 3 5 67 X 16 23 45 31 52 50 28 У 74 83 86 82 99 95 84 Observation 8 9 10 11 12 13 X 15 18 y 79 74 13. 67 23 89 20 31 925 92 87 b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.) c. What percentage of the variation is explained by the regression line? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Approximately % of the variation in the dependent variable is explained by the independent variable. d. Use the equation determined in part b to predict the expected value of y for x= 48. (Round your intermediate calculations and final answers to 3 decimal places.) yo The following data were collected during a study of consumer buying patterns: Observation 1 2 3 5 67 X 16 23 45 31 52 50 28 У 74 83 86 82 99 95 84 Observation 8 9 10 11 12 13 X 15 18 y 79 74 13. 67 23 89 20 31 925 92 87 b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.) c. What percentage of the variation is explained by the regression line? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Approximately % of the variation in the dependent variable is explained by the independent variable. d. Use the equation determined in part b to predict the expected value of y for x= 48. (Round your intermediate calculations and final answers to 3 decimal places.) yo
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The linear regression is performed and the data is shown below Al 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1... View the full answer
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